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20121201
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are joining them. geez, i may faint. now to washington, d.c. with fed chairman ben bernanke sent a chill down the spine of traders on wall street. bernanke said the fed's money printing should last only until we hit 6.5% unemployment. markets didn't like that one bit and a good rally was completely erased. and we go to damascus where the assad regime is firing scud missiles and where did those missiles come from anyway? >>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical
cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what
day. that time has passed in washington. that has got us into this problem. we want to stop that and really return that we have real growth going forward. >> thank you very much, mr. kevin mccarthy. thank you very much. >> thanks very having me. >>> so bailout detroit? no way. one motown councilwoman says yes. she says president obama owes it to them. don't forget, folks. free market capitalism is the best path to prosperity, not bailouts, thank you very much, but free markets. let detroit take care of detroit. i'm kudlow. we'll be right back after this. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also comm
of the democratic authorities in washington, they will take advantage p take over the states' jurisdiction by setting standards that are beyond what we know today that are not necessary because we know what we know today. and let's be clear. the industry is doing everything it knows how to do to continually make fracking and continually make the whole process, including capturing methane, better for everybody. >> it's an economic miracle if they would just let it happen. it's an economic miracle. many thanks to john. we appreciate it. >>> now, have you all noticed the u.s. and global stock markets are actually rising, in many cases to multi-year highs? we have some key numbers and some forecasts coming up next. the stocks are more optimistic than the experts. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by
Search Results 0 to 3 of about 4